Central Park North rental building trades for $33M

Seller is estate of former Bronx Board of Realtors president

TRD New York /
Jan.January 28, 2015 03:00 PM

The estate of the late Barry Levites, a Bronx landlord who had headed the borough’s realtors board, recently sold a Harlem apartment building overlooking Central Park for $33 million.

The property is a six-story, 58-unit elevator building at 225 Central Park North, an insider told The Real Deal.

The buyer was RCR Management, which manages some 2,200 units, according to the website Apartable, and owns properties such as the 116-unit 205 West 88th Street.

Neither Levites Realty Co. nor RCR Management could be immediately reached for comment.  Rosewood Realty Group’s Aaron Jungreis, the sole broker on the deal, declined to comment.

Two years ago, L&M Development purchased a block-through 91-unit portfolio of small buildings next door for $27.5 million.

Levites died in 2010 while on a trip to Jerusalem. According to a short biography online, he owned and managed residential and commercial properties along the East Coast. He had served as president of the Bronx Board of Realtors for three terms and sat on the Rockland County Rent Guidelines Board.


Related Articles

arrow_forward_ios
From left: Brookfield's Ric Clark, 3333 Broadway and L+M's Ron Moelis (Credit: Brookfield, L+M, StreetEasy)

L+M, Invesco close on Putnam portfolio with $823M in Wells Fargo financing

Supreme Court Judge rules against LES development

Two Bridges developers plan to contest judge’s ruling against plans for LES mega development

Greg Corbin and Aaron Jungreis (Credit: iStock)

Greg Corbin leaving Besen & Associates for Rosewood

Private real estate firms to buy 50% stake in two NYCHA complexes

Private real estate firms to buy 50% stake in two NYCHA complexes

L+M raising $500M private equity fund for “workforce housing” development

L+M raising $500M private equity fund for “workforce housing” development

Adam Mermelstein, Douglas Eisenberg  and 132-25 & 132-45 Maple Avenue

A&E buying Queens portfolio for $119M

Madison International takes stake in L+M’s East Village rental

Madison International takes stake in L+M’s East Village rental

L+M and Omni propose $2B mixed-use complex in the South Bronx

L+M and Omni propose $2B mixed-use complex in the South Bronx

arrow_forward_ios